Wall Street Zen Upgrades Powell Industries (NASDAQ:POWL) to “Buy”

by · The Markets Daily

Powell Industries (NASDAQ:POWL – Get Free Report) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Sunday.

Other equities research analysts have also issued research reports about the stock. Roth Capital reaffirmed a “buy” rating and set a $350.00 target price on shares of Powell Industries in a report on Wednesday, November 19th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Powell Industries in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $350.00.

Check Out Our Latest Research Report on Powell Industries

Powell Industries Price Performance

Shares of POWL stock opened at $386.54 on Friday. The business has a fifty day moving average of $338.22 and a 200 day moving average of $297.65. Powell Industries has a 1 year low of $146.02 and a 1 year high of $413.00. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of 26.03, a price-to-earnings-growth ratio of 1.71 and a beta of 0.86.

Powell Industries (NASDAQ:POWL – Get Free Report) last issued its earnings results on Tuesday, November 18th. The industrial products company reported $4.22 EPS for the quarter, topping analysts’ consensus estimates of $3.76 by $0.46. Powell Industries had a return on equity of 31.80% and a net margin of 16.37%.The firm had revenue of $297.98 million for the quarter, compared to the consensus estimate of $292.85 million. During the same quarter in the prior year, the business earned $3.77 earnings per share. The company’s revenue was up 8.3% compared to the same quarter last year. As a group, equities research analysts expect that Powell Industries will post 13.71 earnings per share for the current year.

Insider Activity

In other news, VP William Marshall Mauney, Jr. sold 3,000 shares of the business’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $331.73, for a total transaction of $995,190.00. Following the completion of the sale, the vice president directly owned 4,451 shares of the company’s stock, valued at $1,476,530.23. The trade was a 40.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in POWL. Avanza Fonder AB purchased a new stake in shares of Powell Industries in the 4th quarter valued at approximately $30,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Powell Industries in the second quarter valued at $33,000. State of Wyoming acquired a new stake in shares of Powell Industries in the second quarter worth $33,000. Manchester Capital Management LLC boosted its position in shares of Powell Industries by 42.9% in the second quarter. Manchester Capital Management LLC now owns 200 shares of the industrial products company’s stock worth $42,000 after buying an additional 60 shares during the period. Finally, Virtus Advisers LLC purchased a new position in shares of Powell Industries during the second quarter valued at $46,000. 89.77% of the stock is currently owned by institutional investors and hedge funds.

About Powell Industries

(Get Free Report)

Powell Industries, Inc is an industrial electrical engineering company specializing in the design, manufacture and integration of customized power control and distribution solutions. The firm’s offerings range from medium‐voltage switchgear and power control centers to bus duct, motor control centers and specialty transformers. Powell also provides automation systems, protective relaying, metering, supervisory control and data acquisition (SCADA) platforms, and turnkey engineering services to help clients manage critical power infrastructure.

Serving the oil and gas, petrochemical, refining, utility, mining and industrial sectors, Powell’s products are engineered to meet demanding performance, safety and reliability requirements.

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